Watford will tell all suitors for Troy Deeney that they will have to pay £35million to get their man this summer.
The 28-year-old is a target for West Bromwich Albion while Leicester City and Everton have also discussed the Birmingham-born striker.
However, Sportsmail understands that Deeney has a clause in his contract that stipulates the club would allow him to leave but only once they receive a clear £25million, after sell-on percentages are taken into account.
Deeney's former club Walsall are due a cut of any fee while the player is one year into a new five year contract.